FRITCHEY-SCOTT, CAPPARELLI, LYONS,JOSEPH AND MCAULIFFE. 40 ILCS 5/3-111.2 new 30 ILCS 805/8.21 new Amends the Downstate Police Article of the Pension Code to provide early retirement incentives. Applies to certain persons applying for retirement in 1998. Grants up to 5 years of creditable service and 5 years of age enhancement. Requires an employer contribution and an employee contribution. Accelerates the automatic annual increase. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION IMPACT NOTE The cost of the early retirement incentive program contained in HB 954 has not been determined, but is estimated to be sub- stantial. 97-02-26 H FIRST READING 97-02-26 H ADDED AS A CO-SPONSOR CAPPARELLI 97-02-26 H ADDED AS A CO-SPONSOR LYONS,JOSEPH 97-02-26 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-02-27 H ASSIGNED TO COMMITTEE PERS PENSION 97-03-07 H ADDED AS A JOINT SPONSOR SCOTT 97-03-18 H PENSION NOTE FILED 97-03-18 H COMMITTEE PERS PENSION 97-03-18 H ADDED AS A CO-SPONSOR MCAULIFFE 97-03-21 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary